Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) Reaches New 12-Month High – Time to Buy?

Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) shares hit a new 52-week high during trading on Thursday. The company traded as high as $249.09 and last traded at $248.7580, with a volume of 82,327 shares changing hands. The stock had previously closed at $245.96.

Vanguard Dividend Appreciation ETF Stock Performance

The stock has a fifty day simple moving average of $240.27 and a two-hundred day simple moving average of $232.49. The stock has a market capitalization of $115.95 billion, a price-to-earnings ratio of 23.32 and a beta of 0.81.

Institutional Investors Weigh In On Vanguard Dividend Appreciation ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. HB Wealth Management LLC raised its position in shares of Vanguard Dividend Appreciation ETF by 1.6% during the second quarter. HB Wealth Management LLC now owns 5,857,815 shares of the company’s stock valued at $1,372,141,000 after buying an additional 94,213 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Dividend Appreciation ETF by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,577,266 shares of the company’s stock worth $609,833,000 after acquiring an additional 80,365 shares during the last quarter. Signaturefd LLC boosted its position in shares of Vanguard Dividend Appreciation ETF by 2.9% during the third quarter. Signaturefd LLC now owns 2,349,375 shares of the company’s stock worth $548,133,000 after acquiring an additional 66,078 shares during the last quarter. Modera Wealth Management LLC boosted its position in shares of Vanguard Dividend Appreciation ETF by 4.6% during the third quarter. Modera Wealth Management LLC now owns 1,736,328 shares of the company’s stock worth $405,103,000 after acquiring an additional 76,728 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Vanguard Dividend Appreciation ETF by 90.4% during the second quarter. The Manufacturers Life Insurance Company now owns 1,506,493 shares of the company’s stock valued at $356,466,000 after acquiring an additional 715,474 shares in the last quarter.

About Vanguard Dividend Appreciation ETF

Vanguard Dividend Appreciation ETF (the Fund) seeks to track the investment performance of the Dividend Achievers Select Index. Vanguard Dividend Appreciation ETF is an exchange-traded share class of Vanguard Dividend Appreciation Index Fund. The Fund will hold all the stocks in the index in approximately the same proportions as their weightings in the index. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.